by Portable X-ray devices are imaging systems used to produce radiographic images of internal structures of the body. These devices are handy, compact and lightweight which makes them highly portable. They provide an effective way for clinicians to capture images in emergency situations and accelerate diagnosis. Portable x-ray devices enable imaging anywhere and anytime, without moving the patient. They offer advantages like easy transportation to patients in remote areas and accident sites.
The global Portable X-Ray Devices Market is estimated to be valued at Us$ 7676.84 Mn in 2023 and is expected to exhibit a CAGR Of 9.2% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the portable X-ray devices market is the integration of wireless capabilities. Manufacturers are focusing on incorporating wireless detectors and wireless image transmission in portable imaging systems. This allows clinicians to perform imaging and send diagnostic quality images to other locations for interpretation or consultation with specialists. Another prominent trend is the advancement in battery life of portable X-ray devices. Manufacturers are developing lithium-ion batteries and enhanced power management systems to offer longer battery life and facilitate portable imaging for extended duration without recharging. This market also witnesses growing adoption of compact portable X-ray devices with high imaging quality for point-of-care settings and home healthcare.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as portable X-ray devices market is highly consolidated with the presence of few large players. However, the requirement of huge capital investment and stringent regulations acts as a barrier for new players.
Bargaining power of buyers: The bargaining power of buyers is high due to the availability of various brands providing portable X-ray devices. Buyers can negotiate on the price and quality of products.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are few leading suppliers for key components used in portable X-ray devices. However, availability of substitute components maintains a check on the suppliers.
Threat of new substitutes: The threat of substitutes is low as portable X-ray devices offer advantages over conventional stationary devices in terms of portability and mobility.
Competitive rivalry: The competitive rivalry is high owing to presence of global and regional players competing on the basis of technological innovations, product features and pricing.
Key Takeaways
The global portable X-ray devices market is expected to witness high growth, exhibiting CAGR of 9.2% over the forecast period, due to increasing demand for advanced medical imaging technologies.
Regional analysis
North America dominates the global portable X-ray devices market, accounting for largest revenue share, led by the presence of major players and higher spending on healthcare infrastructure in countries like U.S. Asia Pacific is expected to witness fastest growth over the forecast period owing to rising healthcare standards, growing medical tourism and increasing incidence of diseases in densely populated emerging countries such as India and China.
Key players
Key players operating in the portable X-ray devices market are Carestream Health Inc., Siemens Healthineers AG, Shimadzu Corporations, MinXray, Koninklijke Philips NV, GE Healthcare, Canon Medical Systems, Envista Holdings Corporation, and FUJIFILM Holdings Corporation, among others. Key players are focusing on new product launches and partnerships to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
